Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪 A couple of months ago Nvidia perfectly retested the lower support trendline of the major monthly rising channel and the next resistance towards the upside is roughly at the $800 level. On the weekly timeframe you...
Looking at a textbook descending broadening wedge on the 1hr for GME, a breakout of this wedge could bring an easy 5 to 10% gap up.
Slightly after earnings Fortinet Gapped down. Which are my favorite kind of stocks to trade because 9 times out of 10 Gaps close. Fortinet had many analyst reiterate Bullish price targets some up to $70. I'm looking for a retest at $60. Forecasting out to nov 2nd. The next earnings should be interesting. Williams, MACD, & RSI are all showing Oversold in this...
Scotts Miracle Grow is up +7% and trading above $70 after a gap up this morning - trade was initiated last week on the falling wedge breakout. Gaps tend to get filled so I've adapted to the price action and moved my stop-loss order up to just below today's candle at $68.45. No way to lose money on the trade now if price reverses, upside target remains near $80....
RIOT formed an Adam and Eve base formation and began to break out of its first neckline @7.80 on 17 March. We then saw a classic "breakup and retest (of neckline) several days later before it began to propel on strong volume to break decisively above its 2nd neckline @10.50. Alas, just when we thought it was on its way to the moon after hitting high of 14.43 on...
Looking a the SPCE chart from a birds eye view it shows the company is overdue for a run. For months it's been trading sideways. It almost looks like it's break out of an inverse head and shoulders pattern. Until recently a spike caused by bullish news sending the stock from around 4.04 to 6.50. On the run up it rejected the 6.50 price and came back mid day to...
NVDA's gap up on a stellar earnings report should NOT have been a surprise, as the chart has been showing strength since January when I mentioned it in my Morning Reports. It was completing the bottom at that time. The trend upward was showing pro traders in control of price after Dark Pool quiet accumulation. It has 64% of the shares held by institutions, which...
Gap up chart pattern with a gap fill on the way down to fill the previous gap up.
43% surprise can push this company higher? big green volume on this day also(TC2000)
So what are the odds we reach around .4 on MIRUSD as it comes out of its 12 month downward wedge, possibly beginning over the next few hours? I am 'guestimating" between .42 and .32. What do you think will occur?
As you can see in the chart, natural gas had a big downside movement for the last months. Now It looks like the bottom is printed so I will consider entering a long here with targets 3.11$ and 4.69$ . You can see apart from the Bullish Divergence that It is starting to show a lot of strength, you can observe a gap-up between 2.314$ and 2.415$. For the buy...
Gap is going to fill in a few sessions, and you can get that 20%.
And all those gaps still to fill...c'mon Golden Cross, it's been a long time!!
Cup and Handle has formed on Costco and the system has lined up beautifully for a long with a target of $587.65. However, no trade will be taken according to the system as there is a GAP in the pattern. Gaps close 70% of the time... It might work out but through my experience, gaps close shortly after (which is where the stop loss would more or less be). WARNING:...
Again as this is a 4th-wave we will see plenty of swings.. that is why I did not trade until I saw a "bottom was in" for this wave. Looking at the pre-market we are sitting above $397 and showing strength towards our first level of $411. Some may be wandering what those red lines are for... those are my support lines I draw on a bigger time frame along with fib...
No wonder the positive momentum is going to get sustained and we are going to open GAP UP today arround or above 18250 levels. The upper Supply zone is being tested several times these days if we broke above 18600 the sky is the LIMIT in coming days so look at those levels.
*At 15 min timeframe, price is at support of 200 - EMA. HDFC will also open near 1460(whole number) and Volume profile is also strong on this price. If price open AT 1460 then first resistance rectangle(1465-1468) and may give sharp fall till 1444. We can take new entry from this level(1444) to day's high OR may be it break this level(1465-1468) create a support...